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Profit, Loss and Discount
A dealer buys a T.V. set for Rs. 2,500. He marks it at Rs. 3,200 and then gives a discount of 10% on it. Find:
(i) the selling price of the T.V. set
(ii) the profit percent made by the dealer.
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2 Replies
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given,
cost price(CP) of the tv set = 2500/-
marked price(MP)of the tv set= 3200/-
rate of discount=10%
Total discount=3200 x10/100= 320/-
i) Selling price=3200 -320
=2880/-
ii) profit=SP-CP
=2880-2500
=380/-
profit percent= (profit x 100)/CP
=(380 x 100)/2500
=38000/2500
=380/25
=15.2% is the profit percent made by the dealer
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Given:
T.V buying price = 2,500
Mark price = 3,200
i) Selling price = Mark price – Discount
Discount = 10 % of 3,200.
= 10/100 * 3,200
= 320
Selling price = 3,200 – 320
= 2880
ii) Profit percent = Profit / buying price * 100
= 380 / 2500 * 100
= 15.2 %
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